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Financial and Management Accounting Head

Job Category:

Finance

Job Level:

Executive

Open Date:

08-Jul-2019

Location:

CITY OF MANILA

Close date:

03-Aug-2019

Client Industry:

BANKING

Job Description and Qualification:

Overall Function
a) To ensure compliance with Financial and Management Accounting reporting requirements of Regional and Head Office
b) To ensure compliance with local tax reporting and administration requirements.
c) To provide regular update on the branch performance measurement and cost control. And handles business forecasting and planning
d) To pro-actively cooperate with other departments in order to contribute to the achievement of the overall objectives of the Bank
e) To provide professional advice to the business with regards to queries that are related to accounting, taxation and banking regulations
f) To oversee and service manage the various outsourced services of Manila Finance, including the accounting, tax and regulatory reporting requirements of ING Foundation. 

Key Responsibilities:
1. Ensures that all Head Office and Regional Office reports are completed and submitted in accordance with the ING accounting policies and standards which are aligned with IFRS/PFRS. Ensures proper review is made before each HO report is submitted.
2. Manages compliance with local tax reporting and administration requirements.
3. Provides support for tax risk management and handles the requirements for tax audits. 
4. Handles the completion of the dynamic plan consolidation of the Manila branch. Ensures MTP updates are coordinated with BU’s.
5. Prepares analysis and commentary for the monthly MI reporting pack for reporting to MANCOM.
6. Manages outsourcing firms such as IBSS Finance, P&A. EY Tax & Aegis. Ensures monthly deliverables are done and conducts regular performance review to follow-up progress of pending items/areas for improvement. Ensures regular service review meetings are done, action items as tracked and followed-up. Handles completion of the regular outsourcing checklist review. 
7. Ensures necessary control procedures are in place with regards to the upkeep of the Bank’s general ledger system
        i. Regular review and maintenance of accrual, depreciation and amortization database.
        ii. Management of the Daily and end-of month closing process.
        iii. Regular review and aging of sundry/suspense/wash accounts.
        iv. Processing of intercompany billings and payments such as head office charges, regional recharges, IBSS SLA fees and other intercompany billings.
        v. Implementation of MSFRR TOEs/ other control testing
8. Provides inputs to product reviews identifying IFRS, taxation, DNB & ECB regulations and other accounting implications of new products.
9. Assumes the role of Local Procurement Officer and initiates streamlining and cost control projects for WB Manila:
        ? Identifies areas where financial reports processing can be improved and enhanced.
        ? Implements cost control and monitoring measures that would result to cost savings for the entire branch.
10. Ensures compliance with Global Valuation Policy in close coordination with Product Control and Market Risk Management
11. Reviews and Signs-off of WB Regulatory reports as needed.
12. Handles the accounting and regulatory reporting requirements of ING Foundation Philippines, Inc.
13. Performs other duties and responsibilities that may be assigned.

Competencies/ Qualifications
? Minimum of 7 years’ experience in banking or audit
? High level knowledge of financial accounting (IFRS) and global/local regulatory requirements (BSP, PDIC, SEC & BIR)
? Experience in leading teams and proven people management skills
? Strong communicator in English, both verbal and written.
? Strong risk and control awareness and knowledge of financial control procedures
? Understanding of Wholesale & Retail Banking products
? Experience with managing outsourced service providers
? Passion about process excellence and optimizing the control and efficiency of Finance activities.
? Ability to work collaboratively across functions and geographies
? Ability to anticipate and lead change; open to AGILE way of working.

Salary:

PHP 3M – 3.9M